Murphy USA Inc. — Director's Dealing 2023

Feb 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2023-02-06

Reporting Person: DEMING CLAIBORNE P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-06	Common Stock	M	1218	—	Acquired	256094	Direct
2023-02-06	Common Stock	M	16.942	—	Acquired	256110.942	Direct
2023-02-06	Common Stock	D	0.942	$244.68	Disposed	256110	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-06	Restricted Stock Unit	$	M	1218	Disposed		Common Stock (1218)	Direct
2023-02-06	Dividend Equivalent Units	$	M	16.942	Disposed		Common Stock (16.942)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	394884	Indirect
Common Stock	12110	Indirect

Footnotes

F1: Represents Restricted Stock Units ("RSUs") and corresponding dividend equivalents accrued thereon granted to the Reporting Person under the 2013 Stock Plan for Non-Employee Directors (the "Plan") that have vested and settled in shares of the Company's stock on a one-for-one basis, except for fractional dividend equivalents which have been settled in cash.

F2: Represents Restricted Stock Unit Award granted under the 2013 Stock Plan for Non-employee Directors that have vested according to Plan.

F3: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.

F4: Reflects dividend equivalent units accrued on RSUs granted to the Reporting Person under the Plan. Each dividend equivalent unit reflects the right to receive common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding RSUs. Any fractional dividend equivalent units will be settled in cash.